Private sector ICICI Bank in May reported a five percent decline in its standalone net profit for the fourth quarter of 2018-19 ending March. According to the bank, its net profit during the quarter under review fell to Rs 969 crore from Rs 1,020 crore reported for the corresponding period of the previous fiscal. However, the bank’s net interest income (NII) during the fourth quarter rose to Rs 7,620 crore, from Rs 6,022 crore earned during the corresponding quarter of the previous year. The bank made provisions worth Rs 5,451 crore during the quarter in question, as compared to the Rs 6,626 crore provisioning in the same quarter of 2017-18. “The gross additions to NPA (non-performing asset or bad loans) were Rs 3,547 crore in Q4-2019 compared to Rs 2,091 crore in Q3-2019,” the lender said in a statement. “The gross NPA additions in Q4-2019 include an account in the sugar sector where the payment obligations are being met.”